Robert W. Baird Keeps a Buy Rating on Rada Electronics (RADA)

Robert W. Baird analyst Peter Arment maintained a Buy rating on Rada Electronics (RADAResearch Report) on July 13 and set a price target of $13.00. The company’s shares closed last Friday at $9.73.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 7.3% and a 57.6% success rate. Arment covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Spirit AeroSystems.

Currently, the analyst consensus on Rada Electronics is a Strong Buy with an average price target of $14.25, implying a 46.9% upside from current levels. In a report issued on July 7, Canaccord Genuity also maintained a Buy rating on the stock with a $15.00 price target.

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The company has a one-year high of $16.70 and a one-year low of $7.51. Currently, Rada Electronics has an average volume of 673K.

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Rada Electronic Industries Ltd. Operates as a defense technology company. It develops, manufactures and sells defense electronics, including avionics solutions (including avionics for unmanned aerial vehicles and airborne inertial navigation systems), airborne data/video recording and management systems and tactical land-based radars for defense forces and for border protection systems. The company was founded on December 8, 1970 and is headquartered in Netanya, Israel.

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